Air Products and Chemicals, IncClose $303.23EOD only
Max Pain
$280.00
Next expiry Aug 21, 2026
Expected Move
±$6.10
2.0% from close
Price Gap
-23.23
Distance to max pain
IV Rank
43
Middle-high premium
P/C OI
0.83
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects APD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — APD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $280.00 (23.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$6.10
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
2,931
Nearest expiry
Total Put OI
2,900
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$303.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$280.00
6/18/2026, 11:04:33 PM
2026-07-17
$280.00
7/17/2026, 11:03:15 PM
2026-08-21NextUpdated
$280.00
8/18/2026, 11:03:05 PM
2026-09-18
$290.00
8/18/2026, 11:03:05 PM
2026-12-18
$290.00
8/18/2026, 11:03:05 PM
2027-01-15
$270.00
8/18/2026, 11:03:05 PM
2027-03-19
$290.00
8/18/2026, 11:03:05 PM
2027-06-17
$280.00
8/18/2026, 11:03:05 PM
Selected expiration: 2026-08-21 at max pain $280.00.
APD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
28696000
28696000
190
0
22896000
22896000
195
0
21446500
21446500
200
0
19997000
19997000
220
0
14199000
14199000
230
0
11302000
11302000
240
0
8449000
8449000
250
0
5653000
5653000
260
4000
2939000
2943000
270
10000
1630000
1640000
280
23000
464000
487000
290
499000
108000
607000
300
1087000
3000
1090000
310
2355000
0
2355000
320
3965000
0
3965000
330
6205000
0
6205000
340
8776000
0
8776000
350
11522000
0
11522000
360
14315000
0
14315000
370
17118000
0
17118000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.